Well for a junior mining company that many had declared in bad shape, they have projects and that is what is needed in the mining industries. You simply cannot let your mines being depleted without acting and this is exactly what TVI did this morning. (see previous email for link to NR)
By the way, TVI is still generating close to 100M$ in revenues per year with some good profit and they had about 20M$ in the bank.
So what is the problem? Why are they stuck in the 0,025 and not closer to 0,25? Why a 90% discount?
Easy answer: mining act in the Philippines. The very moment this act is signed and that permits starts being approved, TVI will definitely get backs to where it should be.
So at 0,025 this is a steal especially if all their projects come to life. The gold mine almost ready to go (Balabag) by itself would have the share price incrase by a 0,05 to 0,10.
So at actual level, i am a buyer with an exit price of at least 0,10
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.
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By the way, TVI is still generating close to 100M$ in revenues per year with some good profit and they had about 20M$ in the bank.
So what is the problem? Why are they stuck in the 0,025 and not closer to 0,25? Why a 90% discount?
Easy answer: mining act in the Philippines. The very moment this act is signed and that permits starts being approved, TVI will definitely get backs to where it should be.
So at 0,025 this is a steal especially if all their projects come to life. The gold mine almost ready to go (Balabag) by itself would have the share price incrase by a 0,05 to 0,10.
So at actual level, i am a buyer with an exit price of at least 0,10
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.
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